Question

Which of the following statements reflects the nature of the global economy of the twenty-first century? question 6 options: a national economies are becoming less integrated into a single and interdependent economic system. b the number of nations joining the ranks of the developed world has reduced. c countries have extensively adopted liberal economic policies. d there are fewer instances of state-owned businesses privatized and markets being opened to more competition. e the world is currently moving toward an economic system that is more unfavorable for international business?

Answer 1

The global economy of the 21st century can be summarized as: an economic system that is more favorable for international business. Trade and imports are at an all time high, especially into the United States from places like China, Japan, and Hong Kong.